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Globalstar obtains $30-million investment
Posted: Thu, Jan 3, 2013, 7:27 AM ET (1227 GMT)
Satellite communications company Globalstar has secured a $30-million capital infusion from an investment company that will help the company continue its operations as it completes its next-generation satellite constellation. A British Virgin Islands-based fund, Terrapin Opportunity LP, will purchase $30 million in Globalstar stock over a 24-month period. Globalstar is in the process of launching a second generation of satellites, with the final six of 24 satellites slated for launch in February. Globalstar was delisted from the NASDAQ exchange last month after its stick price fell below the minimum of $1 per share for an extended period.
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news links
Tuesday, October 17
Want To Go To Mars? The Risks May Not Be Worth It, Says UNLV Prof
Nevada Public Radio — 6:27 am ET (1027 GMT)
The Interplanetary Political Football of Space Exploration
Scientific American — 6:21 am ET (1021 GMT)


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